Prosper is the largest P2P business financing marketplace in the world. There are currently over 1 million members of Prosper and the site has been used to arrange over $230,000,000 in loans. Prosper empowers individuals to invest in one another for both financial and social benefit.
Borrowers can list their loan requests on Prosper for amounts between $2,000 and $25,000, and then individual lenders can choose to invest $25 or more in individual loan listings. Investors have access to loan descriptions, endorsements, and other borrower information to help them make informed decisions. Prosper then handles all the funding and servicing of the loan on behalf of both the borrowers and the investors. Prosper has so far raised over $50 million in venture capital, and is backed by several luminary businessmen from the worlds of finance and technology.